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Switzerland’s green bill is 387 billion francs for the next 30 years

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Switzerland needs 387 billion francs (361 billion euros) of investment to be climate neutral by 2050. This is stated in a report by the Swiss Bankers Association (SBA) and the Boston Consulting Group. The amount corresponds to about 2 percent of the annual production of the Swiss economy.

The UN climate panel IPCC reported earlier this month that the Earth could warm up by 1.5 degrees in the next two decades if drastic measures are not taken to reduce greenhouse gas emissions. The authors of the report called the rise in sea levels due to global warming irreversible. According to experts, global temperature increases also lead to more extreme weather.

According to the report of the SBA and the Boston Consulting Group, an annual investment of 12 billion euros is required to make Swiss society sustainable. Among other things, the researchers advise the Swiss government to come up with extra ‘green incentives’. These are measures that make it more attractive for companies to become more sustainable.

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